Sun Pharma --- The stock topped out at 1000 + post the block deal and has continued in a downtrend. Will it be able to hold on to the 700 support ?

Reliance Industries --- This has been one laggard with multiple tops around 1000-1050 in last many years. In the near term seems a good bounce has started from the support of 940. Will this lead to a new move or break back below 940 ?

Rcom --- A major wealth destroyer till now. Will it see a major drop below 45 or a turnaround above 55 ? Take your bet when there is price action.

Idea Cellular - Standing precariously at the supports of 96-99. Another telecom on verge of breakdown or revival ? I would prefer to wait.

Eicher Motors - A market darling and no return for 1 year from 18-20k last year. Will it be a breakdown below 18000 or revive back to 20k ?

Cummins India - Big doubts on governance but the stock price did not see follow up price action on the downside. Will this be a false breakdown or a major drop below 750 some time later. Tough to say 🙁

Cadilla --- Consolidating in a range. Will it hold 300-320 ?

Bharat Forge --- Stock was a market favorite in 2015. But this year or more has been bad. From 1300-1400 to 750 and still on verge of a further breakdown below 720 or a turnaround ?

Disclosure - Have not recommended any of the above stocks in our Advisory as a Short or Long but can do so any time on follow up action.

Nooresh Merani and his family/associates/ analysts do not have exposure in the securities mentioned in the above report/article.

Nooresh Merani and his family/associates/ analysts do not have any financial interest/beneficial ownership of more than 1% in the company covered by Analyst.

Nooresh Merani and his family/associates/ analysts have not received any compensation from the company/third party covered in the above report/article ever.

Nooresh Merani and his family/associates/ analysts has not served as an officer, director or employee of company covered in the report/article and has not been engaged in market-making activity of the company covered in the report/article.

The views expressed are based solely on information available publicly and believed to be true. Investors are advised to independently evaluate the market conditions/risks involved before making any investment decision